FIND AN IFA
At MoneyRaters, finding a UK independent financial advisor with their comparison service is quick and easy. There are many benefits to using an independent financial advisor. They’re unbiased and they choose a product for you by reviewing the entire financial market, rather than only selecting one from a particular set of providers. They look at products within their specialism to select the best option for you. They hold an FCA recognised Diploma in financial planning, an FCA. They must also hold a current and valid Statement of Professional Standing (SPS). They must have a minimum of one year’s supervised, or three years’ unsupervised experience in Financial Planning. A firm must also be regulated by the FCA, which can be found by searching the FCA register. Get quotes today on the MoneyRaters website at https://www.moneyraters.com/find-a-financial-adviser/ You’ll be happy that you did!
Now that you know more about MoneyRaters and how to find a UK independent financial advisor, let’s talk more about the benefits of hiring a UK independent financial advisor. A financial advisor is able to assist with many aspects of your financial life. Their role is to help you define your financial objectives, then create a plan to achieve them. They are also able to review IFAs near me your current situation and make sure you are making the most of your tax allowances and that you are utilising every opportunity available to save money. They will also meet with you on a regular basis to make any adjustments necessary to ensure your plan remains relevant. If you are thinking of working as a financial adviser you will need to have the right qualifications. Depending on your area of expertise, these may include: You will need to pass a number of examinations and have a professional qualification that the Financial Conduct Authority (FCA) recognises. This will typically include the Level 4 Diploma for Financial Advisers or a similar level of qualifications in your specialist area. You will also need to complete continuing professional development (CPD) to keep up-to-date with regulatory requirements and the latest developments in your field.
Once qualified, you will work under supervision until you have gained experience and have built up a book of clients. This will give you the opportunity to learn the ropes from experienced advisers and hone your skills before you take on your own clients. You will be expected to attend seminars and workshops run by your employer or other financial bodies. These will cover a range of topics and may include areas such as pensions, long term care protection, equity release, investments and mortgages. Depending on your client base, you may be required to travel to their homes or offices. You will need a full driving licence to be able to do this. You will also need a laptop and mobile phone to work on the go. It is a self-employed position so you will need to be self-motivated as you don’t have the structure of a typical office environment.
A great benefit of hiring a UK independent financial advisor is that they can help you avoid costly mistakes, such as buying an inappropriate investment product or falling victim to fraud. They can also provide valuable advice on how to save more effectively, so your money is not eroded by tax and inflation, and how to plan for retirement or any future needs. Financial advice is particularly important leading up to and at the point of retirement. It can help you secure the best pension deals and make your money ‘work harder’ to pay for care fees in later life. An IFA is able to assess your whole circumstance and find the best product for you. They can also help you claim all the benefits and allowances that you are entitled to. They can also advise you on how to make your money work harder to help pay for any care costs and to meet any other short and long-term goals that you have. Now that you know more about the benefits of hiring a UK independent financial advisor, start searching today for the perfect UK independent financial advisor at MoneyRaters. Visit their website today to find out more!
